If you're looking or a card that's going to help make purchases manageable, a Post Office credit card might be for you. In a time and age where cashless transactions reign supreme, keeping up with the needs of the times is essential. Apart from offering consumers like you quick and hassle-free access to funds whenever and wherever you need it, credit cards provide a slew of privileges you cannot miss.
One of the more competitive offerings available on the market today is the Post Office Credit Card. Post Office cards are renowned for their ability to cater to a diverse range of audiences with varying needs. If you are in a tight financial situation you have the option of transferring your balances over at no cost for a limited amount of time.
You also have the opportunity to pay 0% interest on purchases for a specified amount of time. One of the Post Office cards comes with a fairly high limit while still offering that introductory 0% interest rate. Our editors have looked into the specifics of what Post Office has to offer. They've come up with some details you need to know. So read everything below before deciding whether or not Post Office needs to be a part of your credit card family.
What is a Post Office Credit Card?
A Post Office card is a Mastercard-powered tool that allows users and cardmembers to purchase goods and services while allowing them to spread the cost of their purchases. Offered under the Bank of Ireland UK, Post Office Limited provides cards merely as a broker between Capital One and applicants or cardholders.
What These Cards Offer
Newly launched in 2019, these cards come in two varieties, namely the Classic and the Travel card. Both of these lines offer a chance for eligibility on 0% balance transfers valid up to 18 months. With accessibility and affordability at its core, both of these highlight global acceptance in more than 70 million locations around the globe.
What makes it different from other offerings, you ask? Simply put, each of these cards is designed to address a number of needs for a wide range of individuals. For one, the Classic Variant aims to provide a high credit limit of up to £8,000. The main come on? It also gives eligibility for 0% on purchases valid for 12 months, allowing you to spread the cost of high-value transactions without incurring additional costs.
Meanwhile, the Travel credit card is designed for frequent travelers and even traveling enthusiasts who wish to spread their one-off purchases as well, including flights. With pesky foreign exchange fees taking the most out of just about anyone’s budget, the banking institution does away with this and instead, rewards cardholders with zero exchange fees, provided individuals use their card abroad, of course. As with its counterpart, the Travel variant offers a relatively high credit limit which can go up to £6,000.
What are the Fees and Responsibilities?
While the card is easy to apply online, there are a number of responsibilities that come with it. To keep enjoying its benefits and privileges, staying on top of your finances and paying your bills on time is essential.
Some of the fees you need to keep in mind include the variable range of APR of 19.9% to 24.9%. A late charge of £12 will also apply for delayed payments.
The credit limit is as low as £200 and the maximum you can get is £8,000 depending on your creditworthiness. Factors that will influence this include your income, your employment details, your mortgages, and the like.
How to Contact Post Office
Trusting your finances and your financial security to the right bank is a huge decision. In the event you have more queries that need answers, you can reach out to their hotline at 0345 722 3355. They will respond to you via audio, text, Braille, or large print – whatever you need. You may also fill out a form to post your feedback or enquiry.
Alternatively, you may also visit Post Office at their registered address located at Finsbury Dials, 20 Finsbury Street, London EC2Y 9AQ.
Disclaimer:
There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
